BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Trading Up 0.3% – Should You Buy?

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) was up 0.3% on Monday . The stock traded as high as C$19.88 and last traded at C$19.85. Approximately 67,560 shares were traded during trading, a decline of 61% from the average daily volume of 173,094 shares. The stock had previously closed at C$19.80.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Performance

The business has a 50 day moving average of C$18.78 and a 200-day moving average of C$19.46.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 2nd. Investors of record on Friday, May 2nd were paid a $0.11 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.65%.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these.